The Global Behavioural Health Industry has emerged as a pivotal player in addressing mental health concerns worldwide, with significant revenue growth projected in the coming years. According to the latest report by Future Market Insights (FMI), the industry generated US$128.2 billion in revenue in 2017 and is poised to reach US$156.3 billion by 2028, reflecting a robust 3.4% compound annual growth rate (CAGR).
The forecast underscores North America’s prominent position in the global behavioral health landscape, maintaining the largest revenue share throughout the forecast period. As revealed by FMI’s analysis, approximately 43.8 million adult Americans grapple with mental illness today, intensifying the demand for behavioral health interventions and therapies.
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Global Behavioural Health Industry: Segmental Analysis & Forecast
Based on service type, disorder type, and geography, the global market for behavioral health is divided into these categories. The market is divided into outpatient counseling, intensive case management, home-based treatment services, inpatient hospital treatment, emergency mental health care, and other service types based on the type of service provided. The type segment for inpatient hospital treatment services is predicted to have the biggest revenue share in the global market for behavioral health. In the upcoming years, home-based treatment services are anticipated to grow in popularity with consumers, with a CAGR of 4.0% predicted for this market during the projected period.
The market is divided into sections based on the types of disorders: drug abuse disorder, eating disorder, post-traumatic stress disorder (PSTD), bipolar disorder, and depression, among others. Due to a large patient pool internationally and a high acceptance of behavioral health therapy among patients with anxiety issues, the anxiety disorder sector is predicted to continue to lead the global behavioral health market among all condition categories. The WHO estimates that 260 million individuals worldwide have an anxiety disorder.
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Key trends among end users in the world behavioral health industry include increased drug and alcohol exposure among young adults and tighter insurance policies for mental health. Additionally, outpatient counseling for kids with ADHD, rehabilitation programs for those with substance abuse disorders, awareness-raising efforts for mental illnesses and drug addiction, etc. are some of the main drivers propelling the expansion of global behavioral health. The global market is anticipated to have positive revenue growth as a result of government measures to ease the burden of mental illness and the provision of rehabilitation services by non-governmental organizations (NGOs).
Global Behavioural Health Industry: Competition Analysis
The global behavioral h is fragmented with many local and regional level players operating in the worldwide market. Some of the key players featured global neathlioural health market report include Acadia Healthcare Co., Inc., Universal Health Services Inc., Magellan Health Inc., National Mentor Holdings Inc., Behavioral Health Services Inc., Behavioral Health Network Inc., North Range Behavioral Health, Strategic Behavioral Health LLC, Seton Healthcare Family (Ascension Health) and Ocean Mental Health Se,rvices Inc., etc. among others.
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Key Segments Covered in Global Behavioural Health Industry Survey Behavioral Health by Service Type:
- Outpatient Counselling for Behavioral Health
- Intensive Case Management for Behavioral Health
- Home-based Treatment Services for Behavioral Health
- Inpatient Hospital Treatment for Behavioral Health
- Emergency Mental Health Service for Behavioral Health
- Others
Global Behavioural Health Industry by Disorder Type:
- Anxiety Disorder
- ADHD
- Bipolar Disorders
- Depression
- Eating Disorder
- Post-traumatic Stress Disorder (PTSD)
- Substance Abuse Disorder
- Others
Global Behavioural Health Industry by Region:
- North America Behavioral Health Market
- Latin America Behavioral Health Market
- Europe Behavioral Health Market
- East Asia Behavioral Health Market
- South Asia & Pacific Behavioral Health Market
- Middle East & Africa (MEA) Behavioral Health Market
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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